Analysis of Economic Growth Since 2010

The podcast examines the UK’s economic performance since 2010, identifying a pattern of stagnation that has characterized this period. GDP per head has shown minimal growth, remaining unchanged since the last election in 2019, and lagging behind other leading economies such as the US and Germany. Contributing factors include external shocks like the financial crisis of 2008, the pandemic, and geopolitical tensions, all of which negatively affected growth. Despite strong employment rates, the productivity level remains low, which shows that more jobs have not translated into increased economic output per worker.